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How to fill out 2018

How to fill out 2018
01
Begin by gathering all the necessary documents, such as your W-2 forms, 1099 forms, and any other relevant tax documents.
02
Determine whether you will be filing as single, married filing jointly, married filing separately, head of household, or qualifying widow(er). This will impact your filing status and tax rates.
03
Calculate your total income by adding up all sources of income, such as wages, tips, self-employment income, rental income, dividends, and interest.
04
Deduct any above-the-line deductions, such as student loan interest or self-employment tax.
05
Determine whether you will itemize your deductions or take the standard deduction. Compare the two options to see which one will result in a lower tax liability.
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If you choose to itemize, gather all the necessary documentation for your deductions, such as mortgage interest statements, property tax records, and medical expense receipts.
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Calculate your tax liability using the appropriate tax tables or tax software.
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Subtract any tax credits for which you qualify, such as the child tax credit or the earned income credit.
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Determine whether you will owe additional taxes or be eligible for a refund. If you owe taxes, consider adjusting your withholding for the following year to avoid any underpayment penalties.
10
Complete the appropriate tax forms, such as Form 1040, Form 1040A, or Form 1040EZ, and attach any necessary schedules or supporting documentation.
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Double-check all the information on your tax return for accuracy before submitting it.
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Sign and date your tax return, either electronically or by mail.
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Keep a copy of your tax return and all supporting documentation for your records.
Who needs 2018?
01
Anyone who had income in the year 2018 needs to fill out a tax return. This includes individuals, married couples, and even dependents who earned income.
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Additionally, certain individuals who didn't earn income may still need to file a tax return to claim certain credits or receive a refund of taxes withheld from their paychecks.
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It is important to check the income thresholds and filing requirements set by the IRS to determine if you need to file a tax return for the year 2018.
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